Robin Hanson <email@example.com> Wrote:
>A big question is whether stock dividends will be a higher
>or lower fraction of total world income during the explosion vs. now.
Stock dividends? We don't need no stinking stock dividends!
Microsoft, Cisco, and nearly all the dot com's have never paid a
dime in dividends but their stockholders aren't complaining much.
A company should either put it's profits back into the company or
simply use the money to buy back its own stock. I'd rather have a
capital gain than a dividend check any day.Tax reasons.
John K Clark firstname.lastname@example.org
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